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The F&I Newsletter for 04.02.14

 

Stories that appeared in our weekly F&I Report Newsletter

 
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Former Fla. Dodge store loses arbitration bid in suit over sloppy paperwork

12:01 am U.S. ET | April 2 |

In 2004 Roberto Basulto and Raquel Gonzalez went to a dealership in Hialeah, Fla., to buy a new 2005 Dodge Caravan. Although they spoke only Spanish, all the documents they signed were in English and some were incomplete when they were signed.

 

Dealerships, lenders bolster compliance staffs in face of CFPB crackdown

UPDATED: 4/4/14 6:28 pm - corrected |

Auto lenders and dealerships are strengthening their compliance staffs as the Consumer Financial Protection Bureau cracks down on lending practices. Lenders are beefing u ...

 

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GM Financial, Ally swap corporate profiles

UPDATED: 4/2/14 11:34 pm ET - adds details of IPO |

A new and much bigger GM Financial is emerging this year -- a global, mostly prime-risk auto lender that looks a lot like the old GMAC captive finance company. ...

 

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Auto finance outlook is good for 2014, report says

12:01 am U.S. ET | April 2 |

The outlook for auto finance this year is “mildly less positive” relative to extraordinarily favorable conditions, according to analysts for NADA Used Car Gui ...

 

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JIM HENRY

Off-lease surge should spark even more leasing

12:01 am U.S. ET | April 2 |

Scheduled lease terminations are expected to grow again in 2014, providing a strong tailwind for additional leases this year and higher customer loyalty. ...

 

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JIM HENRY

Ally takes step toward 'free at last' with IPO

UPDATED: 3/27/14 10:58 pm ET |

It's been a long time coming, but Ally Financial finally filed for its initial public stock offering today -- another step in a long process toward becoming a truly indep ...